Singaporean cryptocurrency ownership has surged, reaching 26% in 2024 according to a recent report from The Straits Times. This represents a significant increase from the previous year’s 24.4%. Notably, younger generations, particularly those aged 16-44 (Generation Z and Millennials), are driving this growth, accounting for roughly 40% of those holding crypto assets. These users frequently utilize cryptocurrencies for online transactions and bill payments, with over half actively employing them for these purposes. The majority (nearly 67%) also plan to increase their use of crypto payments in the future. Research by Triple-A further underscores the advantages of using cryptocurrency for payments, including global acceptance, expedited transaction speeds, and cost reductions. However, some users express concerns about the complexities and security associated with cryptocurrency usage. Meanwhile, Singapore’s Web3 sector is experiencing a surge in recruitment as demand for talent grows, fueled by the Monetary Authority of Singapore (MAS), which has issued 29 digital payment token licenses.